Nvest Financial LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 18.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,707 shares of the specialty chemicals company's stock after acquiring an additional 904 shares during the quarter. Nvest Financial LLC's holdings in Sherwin-Williams were worth $1,993,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the 1st quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at $27,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at about $28,000. WR Wealth Planners LLC lifted its stake in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the last quarter. Finally, HWG Holdings LP bought a new stake in shares of Sherwin-Williams during the 1st quarter worth about $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SHW. UBS Group reduced their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Royal Bank Of Canada boosted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Bank of America upped their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Finally, Barclays decreased their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $391.31.
View Our Latest Analysis on SHW
Sherwin-Williams Price Performance
Shares of SHW stock traded down $1.47 during trading hours on Thursday, reaching $342.15. The company's stock had a trading volume of 1,724,292 shares, compared to its average volume of 1,718,040. The Sherwin-Williams Company has a fifty-two week low of $292.33 and a fifty-two week high of $400.42. The firm's 50 day simple moving average is $348.78 and its 200-day simple moving average is $348.87. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $85.74 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 3.11 and a beta of 1.21.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the firm posted $2.17 earnings per share. Sherwin-Williams's revenue was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.
About Sherwin-Williams
(
Free Report)
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.
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